Workhorse Group (NASDAQ:WKHS – Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($1.86) EPS for the quarter, missing the consensus estimate of ($0.95) by ($0.91), FiscalAI reports. Workhorse Group had a negative net margin of 299.18% and a negative return on equity of 255.45%. The company had revenue of $3.56 million for the quarter, compared to analyst estimates of $5.33 million.
Here are the key takeaways from Workhorse Group’s conference call:
- Workhorse expects a meaningful increase in deliveries during the second half of 2026, supported by 100-vehicle orders each from Purolator and Gateway Fleets, as well as additional customer purchase orders. Its sales pipeline has more than doubled since the start of the year.
- The company remains on track to achieve a $20 million annualized cost-synergy run rate by the end of 2026 following the Workhorse-Motiv merger, while pursuing further bill-of-materials reductions and a modular vehicle platform.
- Workhorse plans to enter the mobile AI data-center market, targeting prototype development and partnerships over the next 10–12 months, with production and commercial deliveries targeted for 2027. Management views the opportunity as a potentially significant, capital-efficient growth area, but it remains early-stage and speculative.
- Q2 revenue was $3.6 million and the company delivered 26 vehicles, below the prior-year pro forma comparison of $6.4 million and 39 vehicles; gross loss was $7.5 million and net loss reached $20.2 million. Workhorse ended the quarter with only $9.6 million in cash and said just $1.7 million remained available under its credit agreements after additional borrowing.
Workhorse Group Stock Performance
Shares of NASDAQ WKHS traded down $0.07 during mid-day trading on Friday, hitting $2.97. The company had a trading volume of 118,439 shares, compared to its average volume of 141,227. Workhorse Group has a 12 month low of $2.31 and a 12 month high of $26.40. The firm has a market cap of $32.34 million, a P/E ratio of -0.10 and a beta of 2.57. The business’s 50-day simple moving average is $2.93 and its 200-day simple moving average is $3.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.23 and a quick ratio of 0.25.
Institutional Trading of Workhorse Group
Wall Street Analysts Forecast Growth
WKHS has been the subject of a number of analyst reports. Wall Street Zen cut shares of Workhorse Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Workhorse Group from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Workhorse Group Company Profile
Workhorse Group Inc is a U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions. Founded in 2007 and headquartered in Loveland, Ohio, Workhorse focuses on last-mile delivery, combining electric powertrain systems, advanced telematics and proprietary composite bodies to address the growing demand for sustainable logistics fleets.
The company’s core product lineup includes the N-GEN™ chassis, a modular electric vehicle platform available in Class 3–5 configurations, and the C-1000™ all-electric delivery van.
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